Gave an idea on the EURAUD previously, but that idea did not work. We had a failed breakout above a strong daily/weekly resistance zone.
I like what we have here on the 4 hour chart. It displays the fake out that occurred and we have probably taken out the bulls. Had a nice break below a support and a flip zone.
We have a lower high at the 1.6470 zone and as long as we keep this swing, 1.62500 would be a take profit target.
I like what we have here on the 4 hour chart. It displays the fake out that occurred and we have probably taken out the bulls. Had a nice break below a support and a flip zone.
We have a lower high at the 1.6470 zone and as long as we keep this swing, 1.62500 would be a take profit target.